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  • 601 W Ocean Drive 316-D, Key Colony, FL 33051 (MLS# 620070)

601 W Ocean Drive 316-D, Key Colony, FL 33051

New Listing
$649,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,343 Status: Active
Current Price: $649,000 List Date: 5/29/2026 Last Modified: 5/29/2026

Description

Oceanfront Paradise Awaits at The Cay! Experience the ultimate Keys lifestyle in this pristine, never-before-rented 2-bedroom, 2.5-bathroom townhouse-style condominium. Boasting 1,343 square feet of beautifully updated living space, this residence features stunning, ocean views from the living room balcony, the guest bedroom, and the primary suite--plus bonus sunset views from the guest balcony. Inside, enjoy a flawlessly updated interior with luxury vinyl plank flooring downstairs, a renovated kitchen, stylish baths, and brand-new carpeting upstairs. It feels more like a home than a condo. Leave the windows open at night to the gentle sound of the ocean lapping against the beach--a soothing natural soundtrack perfect for relaxing and falling asleep. Situated just one unit back from the open ocean, the property is surrounded by lush tropical landscaping and offers premium community amenities, including a sparkling pool, a community room overlooking the ocean, and a sandy beach complete with a tiki hut. While this turnkey property offers excellent rental potential for savvy investors or part-time residents, The Cay's 14-day minimum rental restriction ensures a peaceful, exclusive atmosphere. It truly feels less like a busy high-turnover hotel and more like your private, quiet coastal sanctuary. Perfectly situated in the heart of Key Colony Beach, this premier location immerses you in the highly desirable lifestyle of ''The Gem of the Florida Keys.'' This incorporated island city offers an unmatched, relaxed atmosphere complete with its own walking and bike paths, scenic waterfront park (Sunset Park), a par-3 golf course, tennis and pickleball courts, and a vibrant selection of waterfront dining and charter fleets just minutes away.

More Information MLS# 620070

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes Current Price: $649,000 Listing Date: 2026-05-29 List Price: $649,000

Location, Tax & Legal

Unit #: 316-D City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: N/A Senior Community YN: No Side: Ocean Flood Zone: AE Alternate Key #: 1084425 Parcel #: 00078330-003500 Zoning: R-3 - Multi Unit Res Deed Restrictions: Yes Legal: APT 316-D THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH Taxes: 5484.49 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 601 Direction: W Street Name: Ocean Street Suffix: Drive Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Cay Condo (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 2 Lot Size: X Lot SqFt: 0 Unit/Complex: Complex Pool: Yes Total Units: 0 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 14 Style: Condo Year Built: 1975 Living Apx SqFt: 1343 Total Bedrooms: 2 Full Baths: 2 Half Baths: 1 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Oceanfront Paradise Awaits at The Cay! Experience the ultimate Keys lifestyle in this pristine, never-before-rented 2-bedroom, 2.5-bathroom townhouse-style condominium. Boasting 1,343 square feet of beautifully updated living space, this residence features stunning, ocean views from the living room balcony, the guest bedroom, and the primary suite--plus bonus sunset views from the guest balcony. Inside, enjoy a flawlessly updated interior with luxury vinyl plank flooring downstairs, a renovated kitchen, stylish baths, and brand-new carpeting upstairs. It feels more like a home than a condo. Leave the windows open at night to the gentle sound of the ocean lapping against the beach--a soothing natural soundtrack perfect for relaxing and falling asleep. Situated just one unit back from the open ocean, the property is surrounded by lush tropical landscaping and offers premium community amenities, including a sparkling pool, a community room overlooking the ocean, and a sandy beach complete with a tiki hut. While this turnkey property offers excellent rental potential for savvy investors or part-time residents, The Cay's 14-day minimum rental restriction ensures a peaceful, exclusive atmosphere. It truly feels less like a busy high-turnover hotel and more like your private, quiet coastal sanctuary. Perfectly situated in the heart of Key Colony Beach, this premier location immerses you in the highly desirable lifestyle of ''The Gem of the Florida Keys.'' This incorporated island city offers an unmatched, relaxed atmosphere complete with its own walking and bike paths, scenic waterfront park (Sunset Park), a par-3 golf course, tennis and pickleball courts, and a vibrant selection of waterfront dining and charter fleets just minutes away. Directions: US 1 to Sadowski Causeway. Right on W. Ocean Drive, The Cay is immediately on your left.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 0 Maintenance Fee $: 6025 Assoc/Mnt Fee Per: Quarterly

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Sewer: 1 Water: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

No Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Carpet: 1 Tile: 1 Vinyl: 1

Neighborhood Feature

Beach: 1 Bike Paths: 1 Community Pool: 1 Manager on Premises: 1 Tennis Courts: 1 Other Area Features: 1

Interior Features

Drapes/Blinds Incl: 1 Entrance Foyer: 1 Quartz Countertops: 1 Sky Light(s): 1 Split Bedroom: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown Stories: 2 Stories Townhouse: 1

Windows/Doors

Aluminum Windows: 1 Impact Rstnce Doors: 1 Sliding Glass Doors: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1 Assigned Parking: 1

Security

Patrolled Area: 1

Construction

CBS: 1 Concrete: 1

Land Size

2 Less Than 5 Acres: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Chickee Hut: 1 Sandy Beach: 1

Pool Info

In Ground: 1 Heated: Yes Concrete: 1 Decked: 1

Roof

Other Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Shutters

Accordion: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Assigned Parking; Guest Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Entrance Foyer; Quartz Countertops; Sky Light(s); Split Bedroom Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Chickee Hut; Sandy Beach Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Shutters: Accordion Floor: Carpet; Tile; Vinyl Roof: Other Roof Pets: No Pets Allowed Neighborhood Feature: Beach; Bike Paths; Community Pool; Manager on Premises; Tennis Courts; Other Area Features Security: Patrolled Area Land Size: 2 Less Than 5 Acres Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: May - 29 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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